Mahindra Susten initiates sale of 160 MW of solar power assets

Mahindra Susten Private Limited has initiated the sale of its 160 MW solar power assets. The enterprise value of the transaction is expected to be about Rs 20 billion. The capital raised from the sale will be used for the development of 1 GW of projects in the pipeline. Avendus Capital is managing the sale process of the solar assets.